ASA International Group (LON:ASAI) Stock Price Up 0.4% – Still a Buy?

ASA International Group PLC (LON:ASAI) shares traded up 0.4% during mid-day trading on Wednesday . The company traded as high as GBX 65.50 ($0.84) and last traded at GBX 65 ($0.83). 28,072 shares changed hands during mid-day trading, an increase of 17% from the average session volume of 24,052 shares. The stock had previously closed at GBX 64.75 ($0.83).

ASA International Group Price Performance

The company has a debt-to-equity ratio of 366.20, a current ratio of 1.25 and a quick ratio of 1.62. The company’s 50 day simple moving average is GBX 67.87 and its 200 day simple moving average is GBX 76.21. The company has a market capitalization of £69 million, a PE ratio of 500.00 and a beta of 1.69.

ASA International Group Cuts Dividend

The business also recently declared a dividend, which will be paid on Tuesday, December 24th. Investors of record on Thursday, December 12th will be paid a dividend of $0.03 per share. The ex-dividend date is Thursday, December 12th. This represents a yield of 3.63%. ASA International Group’s dividend payout ratio is currently 4,285.71%.

About ASA International Group

ASA International Group PLC provides microfinancing services in Africa and Asia. The company offers various collateral-free loans, such as small business and small and midsize enterprise loans to start or grow businesses. It serves primarily low-income female micro-entrepreneurs. ASA International Group PLC was incorporated in 2007 and is headquartered in Amsterdam, the Netherlands.